Industry Analysis & Industry Trends
The Accounting, Bookkeeping and Auditing Activities, and Tax Consultancy industry in China has been developing rapidly in recent years due to rising demand for audit, taxation and advisory services from enterprises and individuals in the growing economy and changing business environment of China. New rules and regulations issued by the government concerning accounting and auditing standards have contributed to a more standardized market environment. However, ownership restrictions and limits on foreign activities and their business scope in China have been protecting domestic accounting firms and limiting industry growth.
In 2011, the Accounting, Bookkeeping and Auditing Activities, and Tax Consultancy industry in China is expected to generate $7.12... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Due to the rapid development of legislation, stricter supervision, and changing laws in China, companies need more tax and auditing consulting advice from professionals. Furthermore, some new advisory services have been launched, resulting in the development of niche markets.
Growing numbers of multinational companies have established their branches or divisions in China after its accession to the World Trade Organization. This increased the demand for services provided by this industry as well as the service quality requirements.
Increasing financial activities associated with mergers and acquisitions have stimulated the demand for services provided by accounting firms, including accounting, auditing, taxation and other related financial services... purchase to read more